580 23rd Street W, Owen Sound

$679,000
580 23rd Street W

$679,000

New
17d
Detached2 1/2 Storey

580 23rd Street W, Owen Sound

Total Monthly Obligation $3,449

Beds
4
Baths
2
Park
3
Sqft
1500-2000
DOM
17d
Score
22
Yield
5.7%
Cash on Cash
0.4%
Cap Rate
4.7%
5Y IRR
15.9%
10Y IRR
14.9%
Property Type-Detached
MLS® Number-X13866898
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-101.21 × 199.12 ft
Listed on site-Oct 6, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$4,024 (2026)
Parking-3 - None
Basement-Walk-Out, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-None
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-60-90 days
Neighbourhood-Owen Sound
Title-Residential Freehold

No agent assigned

Circa 1889 home is just so inviting! Bursting with character and charm, this home showcases high ceilings, large windows, original woodwork and staircase, and spacious rooms throughout. Sitting on a large, private, tree-filled lot backing onto a ravine, this property feels tucked away while still being a short walk to Kelso Beach. An unopened road allowance beside the property adds even more privacy.The main floor features an updated kitchen with island, formal dining room, cozy living room with natural gas fireplace, den, and a mix of hardwood and ceramic flooring. Four bedrooms are all on the second floor. Outside, there are two covered porches, decks and a seasonal sunroom overlooking the beautifully landscaped yard, complete with pond and waterfall, gazebo and gardens.The finished third floor is a great bonus space with a raised Belvedere-style skylight. The high, dry lower level has a walk-out, plenty of storage and plumbing in place for a future bathroom. Updates include the furnace, electrical, plumbing and windows, plus central vacuum. Lovingly cared for by the same family for over 65 years, this is a special home with a lot of history, privacy and room to enjoy.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$543,200
Land Transfer Taxes$10,055
Legal Fees (Est.)
$
Total cash required for closing$147,355

Total Monthly Obligation

$3,449/mo
Mortgage $2,739
Monthly Loss $2,728
Principal$721
Interest$2,018
Property Tax$335
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
11.9%50
10-Year IRR
12.1%
Returns Index
25.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,400/yr
NOI
$26,036/yr
Net Cash Flow
-$569/mo
Cash Margin
-17.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
25.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 580 23rd Street W

Time

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